Wednesday, April 1, 2009

LONG HILL TOWNSHIP MARKET UPDATE - MARCH 2009

The following are the numbers for real estate in Long Hill Township for the month of March 2009:

March 2009

New Listings - 20

Under Contract - 5

Closed Sales - 3

Inventory is definitely picking up for the Spring market. Active inventory in Long Hill Township is currently at 63. Out of the 5 homes which went under contract in March, 2 were over $500,000. One of those homes was on Laura Drive. It was only on the market for 11 days before it went under contract. This home was priced nearly $90,000 less than the last sale on Laura Drive, which was in September 2008. 211 Sherwood Lane went under contract in March and also sold in March after 138 days on the market.

To search all active properties in Long Hill Township visit my website at www.longhilltownshiphomes.com. Please do not hesitate to contact me with any questions.

Dianne Sommers

Realtor Associate

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